80
80
Jan 1, 2013
01/13
by
WMAR
tv
eye 80
favorite 0
quote 0
the pentagon has already drafted notices to 800,000 civilian employees warning they may be put on unpaid leave. and those tax increases triggered today will start to hit our paychecks this week. the average family, seeing a tax increase of almost $3,500. there is intense pressure on house republican leaders to resolve this before the stock market opens tomorrow morning. they are hearing from business leaders. they are also hearing from senate republicans, saying that the cost of failure on this, david, would just be too high. >> would love to be on some of those phone calls, jon. thank you. as you point out, wall street does open tomorrow morning. after a week straight of losses already, nervous investors le leading up to the fiscal cliff, the average 401 k losing $3,000 in this country. abc's bianna golodryga was the story of just one family and the huge tax increase, if congress doesn't figure this out. >> reporter: until there's an agreement, this what the martins from raytown, missouri, like so many middle class american families, face. a hefty spike in taxes. beau, a government cont
the pentagon has already drafted notices to 800,000 civilian employees warning they may be put on unpaid leave. and those tax increases triggered today will start to hit our paychecks this week. the average family, seeing a tax increase of almost $3,500. there is intense pressure on house republican leaders to resolve this before the stock market opens tomorrow morning. they are hearing from business leaders. they are also hearing from senate republicans, saying that the cost of failure on...
183
183
Dec 26, 2012
12/12
by
MSNBCW
tv
eye 183
favorite 0
quote 0
on the other hand, as i said, he would be, by the standards of pentagon leadership, which is its own metric, he would be a more liberal, more reformist voice for a more multilateral and constrained pentagon policy, yet he's running into all this opposition. >> exactly, and if you look at people opposing him, these are neocons because he stood up to cheney when cheney had the vader hat on. he was strong enough to stand up to his party on the iraq war. for the love of god, last time i checked, president obama is the president of the united states. we don't have to personally love each and every one of them. it's his choice. let us stop having neoconservatives in the senate choose the entire obama cabinet. >> in theory, i think you're right. in practice -- >> that means he doesn't agree with you. >> i think you make good points. the truth is the person who's going to set the policy and agenda is barack obama. he's very hands on. it's really a symbolic fight. the question is do you need a symbolic fight when you can get somebody else to do what you want just as well without going through
on the other hand, as i said, he would be, by the standards of pentagon leadership, which is its own metric, he would be a more liberal, more reformist voice for a more multilateral and constrained pentagon policy, yet he's running into all this opposition. >> exactly, and if you look at people opposing him, these are neocons because he stood up to cheney when cheney had the vader hat on. he was strong enough to stand up to his party on the iraq war. for the love of god, last time i...
175
175
Jan 2, 2013
01/13
by
CSPAN2
tv
eye 175
favorite 0
quote 0
enough people are concerned about how often she's around the president's offs they transfer her to the pentagon, she meets a new best friend named linda tripp and linda tripp tape records every damn conversation and that is all down. and guess what? linda tripp is in cabbing with a bunch of right-wing people to get the information directly to ken star and we get the paula jones trial, and bill clinton is asked to testify, and bill clinton is asked the question did you ever have sex with a woman named monica? and he said no, i never did. no, i never did, clinton claims he was telling the truth because from his point of view sex is intercourse. regardless, the scandal breaks. scandal breaks. bill tells hillary clinton it's breaking and he said i didn't have sex with her. i tried to do whey could help her. and hillary stands by him 100%. first of all, she doesn't believe it. given the surveillance in the white house she doesn't think it's possible. she believes that the marital therapy they had done in '89, '90 '91 had been sufficient to restore the relationship. bill is very insecure that the poi
enough people are concerned about how often she's around the president's offs they transfer her to the pentagon, she meets a new best friend named linda tripp and linda tripp tape records every damn conversation and that is all down. and guess what? linda tripp is in cabbing with a bunch of right-wing people to get the information directly to ken star and we get the paula jones trial, and bill clinton is asked to testify, and bill clinton is asked the question did you ever have sex with a woman...
132
132
Dec 30, 2012
12/12
by
CSPAN
tv
eye 132
favorite 0
quote 0
lots of people in the republican party especially to are very upset with the cuts that would hit the pentagon. it may be difficult to rally republican votes if they cannot turn off the sequester. on the democratic side, the estate tax could be a problem. the republicans are insisting that the estate tax stay at current levels, which is exempt states up to $5 million. many democrats would like to see -- in january, it is scheduled to come -- it is scheduled to go up dramatically. on states as small as a million dollars would be taxed. most democrats want to see something in the middle. they're adamant that we cannot exempt states as large as $5 million. that could be another sticking point. >> lori montgomery, to expect anything else to go on today? when is the earliest that the senators will come back in for session tomorrow? >> the senate is due back in at 1:00. the house is due at 6:30. the house is the big question mark. it is very difficult to imagine what could pass the house. as for today, it is an excellent question. the senate is not in, the house is not in. my understanding is we're
lots of people in the republican party especially to are very upset with the cuts that would hit the pentagon. it may be difficult to rally republican votes if they cannot turn off the sequester. on the democratic side, the estate tax could be a problem. the republicans are insisting that the estate tax stay at current levels, which is exempt states up to $5 million. many democrats would like to see -- in january, it is scheduled to come -- it is scheduled to go up dramatically. on states as...
166
166
Dec 29, 2012
12/12
by
CSPAN
tv
eye 166
favorite 0
quote 0
caller: it is like the pentelikon, back in 1968 i was even fighting with the pentagon over budgets. you always had to have everything kept the same. nobody was going to change anything because next year there were going to pop everything by 10%. they told you got to worry because you would get 10% more. that goes all the way back to 1968. they just keep dwelling on one thing over and over again. i would like to know from the boston globe or the herald is asking for pictures of -- host: let's move on to del on the line for democrats. caller: this is an outrage that they cannot tax the wealthy by an additional 4%. this is the lowest tax rates that have ever paid in the united states. considering that their incomes are vast compared to what they used to be many years ago when they paid a much higher rate, they are wealthy and they do not want to pay. 4% does not amount to enough to affect the deficit. maybe we ought to consider 15% or something like that. france passed a thing if you go over $1 million a year, your taxes are low on the first million. after that, they are taking 75% of
caller: it is like the pentelikon, back in 1968 i was even fighting with the pentagon over budgets. you always had to have everything kept the same. nobody was going to change anything because next year there were going to pop everything by 10%. they told you got to worry because you would get 10% more. that goes all the way back to 1968. they just keep dwelling on one thing over and over again. i would like to know from the boston globe or the herald is asking for pictures of -- host: let's...
93
93
Dec 31, 2012
12/12
by
CSPAN2
tv
eye 93
favorite 0
quote 0
the pentagon and our defense department is like a giant oil tanker. you got to turn it around in a very difficult and slow manner, because they have to make plans and they have to have contingencies -- procurement of weapons, have to do all the things that are necessary to make sure our men and women who are serving in the military are the best trained, best equipped and most professional in the world, which they are. but we're looking at sequestration here when the department of defense says it will decimate our adilt -- ability to defend this nation. shouldn't the president of the united states be concerned about that? but what is his own secretary of defense is saying and what his own chairman of the joint chiefs of staff, his selection, is saying. instead, we kind of joke around and tell people they're going to be here fear new year's eve. that's not the way to lead this nation. so i come to the floor and say to my colleagues, we need to get this done. we all know that we need to get this done. we go over the cliff, we're going to disappoint the p
the pentagon and our defense department is like a giant oil tanker. you got to turn it around in a very difficult and slow manner, because they have to make plans and they have to have contingencies -- procurement of weapons, have to do all the things that are necessary to make sure our men and women who are serving in the military are the best trained, best equipped and most professional in the world, which they are. but we're looking at sequestration here when the department of defense says...
174
174
Jan 1, 2013
01/13
by
CSPAN
tv
eye 174
favorite 0
quote 0
the pentagon and our defense department is like a giant oil tanker. you got to turn it around in a very difficult and slow manner, because they have to make plans and they have to have contingencies -- procurement of weapons, have to do all the things that are necessary to make sure our men and women who are serving in the military are the best trained, best equipped and most professional in the world, which they are. but we're looking at sequestration here when the department of defense says it will decimate our adilt -- ability to defend this nation. shouldn't the president of the united states be concerned about that? but what is his own secretary of defense is saying and what his own chairman of the joint chiefs of staff, his selection, is saying. instead, we kind of joke around and tell people they're going to be here fear new year's eve. that's not the way to lead this nation. so i come to the floor and say to my colleagues, we need to get this done. we all know that we need to get this done. we go over the cliff, we're going to disappoint the p
the pentagon and our defense department is like a giant oil tanker. you got to turn it around in a very difficult and slow manner, because they have to make plans and they have to have contingencies -- procurement of weapons, have to do all the things that are necessary to make sure our men and women who are serving in the military are the best trained, best equipped and most professional in the world, which they are. but we're looking at sequestration here when the department of defense says...
142
142
Dec 30, 2012
12/12
by
FOXNEWSW
tv
eye 142
favorite 0
quote 0
hagel a former republican senator he says lacks the experience to manage an organization like the pentagon. margaret thatcher leaving the hospital. she was admitted last week for an operation to remove a bladder growth. >> gregg: senate majority leader harry reid saying he is not overly optimistic that a deal will be reached to avoid the so-called fiscal cliff. even if they get something passed here there are other challenges that our economy will face. global powers like china and europe and japan are having major problems of their own. that could affect the way they do business with us. joining us is to talk about, ed, good to see you. biggest problem some of these governments to stimulate their economies, die let's just print a bunch of money. that has catastrophic events with them and even with the united states that may tried traded with them. >> that seems to be just to print money. that is not how it works. when somebody prints money, it's devalues their currency which makes anything they want to export or anything that they are importing more expensive. that is why your food is mor
hagel a former republican senator he says lacks the experience to manage an organization like the pentagon. margaret thatcher leaving the hospital. she was admitted last week for an operation to remove a bladder growth. >> gregg: senate majority leader harry reid saying he is not overly optimistic that a deal will be reached to avoid the so-called fiscal cliff. even if they get something passed here there are other challenges that our economy will face. global powers like china and europe...
171
171
Dec 28, 2012
12/12
by
CSPAN
tv
eye 171
favorite 0
quote 0
the three rreasons -- first, the pentagon papers. even though he was very conservative, came from a montreal immigrant family, the first jewish editor. the sulzbergers were the world's most assimilated jews and they underreported the holocaust. they apologized for that. rosenthal -- pentagon papers -- does anyone know what else rosenthal did? rosenthal really changed the "times" to a much more dramatic, lively newspaper. when you take journalism class is, you were told about the who, what, where, when, how. the who was elevated by something called the new journalists -- dramatic in nature, quotes from people telling us the who, what people were about, what their motives were, letting them talk to reveal their psyche. rosenthal was a proponent of this. he brought liveliness and action and even narrative to "the new york times." -- 21is how it began t members of the panama cabinet. rosenthal changed that. he had a major effect on up the newspaper. because it was an iconic newspaper, it trickled down. in other words, the who had previou
the three rreasons -- first, the pentagon papers. even though he was very conservative, came from a montreal immigrant family, the first jewish editor. the sulzbergers were the world's most assimilated jews and they underreported the holocaust. they apologized for that. rosenthal -- pentagon papers -- does anyone know what else rosenthal did? rosenthal really changed the "times" to a much more dramatic, lively newspaper. when you take journalism class is, you were told about the who,...
131
131
Jan 3, 2013
01/13
by
CURRENT
tv
eye 131
favorite 0
quote 0
jerry johnson tox talking about the cuts for the pentagon. do we really need 6700 bases oversee -- 700 bases overseas. since drones are doing most of the work today do we need more planes and pilots? all good questions jerry johnson. cuts to the pentagon have to be on the table as well as cuts to domestic programs. second hour is coming up. stay with us. >> announcer: this is the "bill press show." >> bill: good mornings friends and neighbors. welcome to the "full court press" this thursday morning january 3rd. hey, you're looking good. it is good to you have on board as t complete recovery expected. there is a storm of outrage over john boehner's decision to delay any special funding for the victims of hurricane sandy. the homeowners and the governors in new york and new jersey are pissed as well they should be. and get ready for the next big storm after the ugly battle over the fiscal cliff here in washington, d.c. the next congress will be sworn in today and gearing up for the -- even uglier battle over the debt ceiling coming up in just a
jerry johnson tox talking about the cuts for the pentagon. do we really need 6700 bases oversee -- 700 bases overseas. since drones are doing most of the work today do we need more planes and pilots? all good questions jerry johnson. cuts to the pentagon have to be on the table as well as cuts to domestic programs. second hour is coming up. stay with us. >> announcer: this is the "bill press show." >> bill: good mornings friends and neighbors. welcome to the "full...
239
239
Jan 3, 2013
01/13
by
MSNBCW
tv
eye 239
favorite 0
quote 0
defense -- the pentagon is so bloated. you can't -- you can't -- jim cramer, you can't even audit the pentagon. dave walker told us that. it is so bloated. and yet they can't find $100 billion in cuts? >> we need the divisions in japan because that war is still on. we need the divisions in germany -- no, we won those wars. >> we're wasting $2 billion a week in afghanistan. they can't cut that? $3 billion a week. >> they can't say it. >> medicare. they won't ever talk about cutting medicare. >> can we pay more for part "b," or is that too difficult to talk about? it's not worth it? part "b" is a great break. why can't we let merck and pfizer get away with this? it should be a bargain. no, we write blank checks because we hear they're going to move to france. i've got news for you. it doesn't help to you move to france. >> guess what happened. the president's negotiating on obamacare. the first thing he does is he calls in big pharma and cuts a deal with them and then brings in the hospitals and cuts a deal with them. so the
defense -- the pentagon is so bloated. you can't -- you can't -- jim cramer, you can't even audit the pentagon. dave walker told us that. it is so bloated. and yet they can't find $100 billion in cuts? >> we need the divisions in japan because that war is still on. we need the divisions in germany -- no, we won those wars. >> we're wasting $2 billion a week in afghanistan. they can't cut that? $3 billion a week. >> they can't say it. >> medicare. they won't ever talk...
151
151
Dec 31, 2012
12/12
by
CSPAN
tv
eye 151
favorite 0
quote 0
the pentagon and our defense department is like a giant oil tanker. you got to turn it around in a very difficult and slow manner, because they have to make plans and they have to have contingencies -- procurement of weapons, have to do all the things that are necessary to make sure our men and women who are serving in the military are the best trained, best equipped and most professional in the world, which they are. but we're looking at sequestration here when the department of defense says it will decimate our adilt -- ability to defend this nation. shouldn't the president of the united states be concerned about that? but what is his own secretary of defense is saying and what his own chairman of the joint chiefs of staff, his selection, is saying. instead, we kind of joke around and tell people they're going to be here fear new year's eve. that's not the way to lead this nation. so i come to the floor and say to my colleagues, we need to get this done. we all know that we need to get this done. we go over the cliff, we're going to disappoint the p
the pentagon and our defense department is like a giant oil tanker. you got to turn it around in a very difficult and slow manner, because they have to make plans and they have to have contingencies -- procurement of weapons, have to do all the things that are necessary to make sure our men and women who are serving in the military are the best trained, best equipped and most professional in the world, which they are. but we're looking at sequestration here when the department of defense says...
102
102
tv
eye 102
favorite 0
quote 0
the senate measure delays mandatory pentagon and domestic spending cuts by two months. as the house convened at midday a number of republican congressmen complained the bill is still too heavy on tax hikes and too light on spending cuts. ohio's steve la tourette dismissed it as a, quote, package put together by a bunch of sleep-deprived october octogenenarians on new year's eve and the alabama representative said the house needs more time. >> the house must postpone this vote until congress and the american people have time to study and evaluate this extraordinarily complex legislation and its impact on taxes, revenue, the economy our debt and a myriad of other issues. >> woodruff: tennessee democrat steve cohen warned about the consequences of not taking the senate deal. >> my district can't afford to wait a few days and have the stock market go down 300 points tomorrow if we don't ghettoing and do something. >> woodruff: later house democratic leaders emerged from a nearly three-hour meeting with vice president biden who helped broker the senate deal. minority leader
the senate measure delays mandatory pentagon and domestic spending cuts by two months. as the house convened at midday a number of republican congressmen complained the bill is still too heavy on tax hikes and too light on spending cuts. ohio's steve la tourette dismissed it as a, quote, package put together by a bunch of sleep-deprived october octogenenarians on new year's eve and the alabama representative said the house needs more time. >> the house must postpone this vote until...
155
155
Dec 31, 2012
12/12
by
WTTG
tv
eye 155
favorite 0
quote 0
looking at 395 and the pentagon. if your troubles take you towards the beltway at 395, light volume. and from the beltway looking at 95 and the prince william parkway again, travel lanes are open northbound and southbound. not really any problems or delays. 495 at river road. again, really good. light volume. your travels so far mafbing well enough for speed. and that is a look at your fox 5 on time traffic. >> thank you very much. looks like the karsashian clan will be getting bigger. that's because kanye west announcing his girlfriend kim karsashian is pregnant. that's right. she's having a baby . revealing the big news during his concert and the reveal was caught on tape. take a listen. >> ♪ >> make some noise for my baby mama. >> did he just call her baby mama? that's classy. >> that's how he makes his announcement. sarah, you sound so excited. >> i mean come on. baby mama. >> this will be the couple's first child. they've been dating since march. neither reps for either side have responded to the news. but rep
looking at 395 and the pentagon. if your troubles take you towards the beltway at 395, light volume. and from the beltway looking at 95 and the prince william parkway again, travel lanes are open northbound and southbound. not really any problems or delays. 495 at river road. again, really good. light volume. your travels so far mafbing well enough for speed. and that is a look at your fox 5 on time traffic. >> thank you very much. looks like the karsashian clan will be getting bigger....
246
246
Dec 26, 2012
12/12
by
CNNW
tv
eye 246
favorite 0
quote 0
we'll go live to the pentagon after this. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us and them -- now that's progressive. call or click today. your soups are so awesomely delicious my husband and i can't stop eating 'em! what's...that... on your head? can curlers! tomato basil, potato with bacon... we've got a lot of empty cans. [ male announcer ] progresso. you gotta taste this soup. i get congested. but now, with zyrtec-d®, i have the proven allergy relief of zyrtec®, plus a powerful decongestant. zyrtec-d® lets me breath freer, so i can love the air. [ male announcer ] zyrtec-d®. behind the pharmacy counter. no prescription needed. >>> we welcome you back. update to a developing story out of afghanistan the taliban claiming responsibility for a car bomb attack at a u.s. base and coast. three people were killed. police say a mini bus exploded during a security check at the gate of camp chapman the same base wh
we'll go live to the pentagon after this. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us and them -- now that's progressive. call or click today. your soups are so awesomely delicious my husband and i can't stop eating 'em! what's...that... on your head? can curlers! tomato basil, potato with bacon... we've got a lot of empty cans. [...
185
185
Jan 3, 2013
01/13
by
CNNW
tv
eye 185
favorite 0
quote 0
our pentagon correspondent, chris lawrence, has been working this story for us. what are you picking up, chris? >> yeah, wolf, republicans and democrats are demanding that the cia hand over all information that they provided to the film makers of "zero dark thirty," and our indications now are that the cia is going to apply. a cia official telling us just in the last few minutes, really, that they take their responsibility to these oversight committees very seriously. now, i don't want to ruin the film for anyone, but you almost have to tell a little bit about it to tell the story. there is a scene in the movie where a suspected terrorist is being waterboarded. he then gives up some information on the courier, the al qaeda courier is the one who led the cia to osama bin laden. now, compounding this is the fact that the cia director sent this letter to all the cia employees ask this movie started to come out saying, look, that's not completely accurate. we know this one person did not lead to osama bin laden. but they did get some information from enhanced interro
our pentagon correspondent, chris lawrence, has been working this story for us. what are you picking up, chris? >> yeah, wolf, republicans and democrats are demanding that the cia hand over all information that they provided to the film makers of "zero dark thirty," and our indications now are that the cia is going to apply. a cia official telling us just in the last few minutes, really, that they take their responsibility to these oversight committees very seriously. now, i...
105
105
Dec 28, 2012
12/12
by
CSPAN
tv
eye 105
favorite 0
quote 0
host: what is on the table for the pentagon? guest: everything can be cut, but the president has the power to exempt military personnel, and he has indicated that he would do that. everything else is basically on the table. weapons systems, operations maintenance accounts, protected service member salary, all of those services are part of the great man's budget. host: what about procurement? caller: things that they buy. -- guest: things that they buy. and again, all of those programs, like the 30 -- like a fighter jet, that is on the table as well. host: military construction, what is that? guest of the money that the military spends to build the bases and various other facilities. host: testing and evaluation, is that big money? guest: it can be. before weapons systems are built there is a whole research and development fund. host: let's talk about what is not on the table. >> we will take you back to the white house where president obama will speak shortly. he is scheduled to speak at 5:45 p.m. eastern about the earlier meeti
host: what is on the table for the pentagon? guest: everything can be cut, but the president has the power to exempt military personnel, and he has indicated that he would do that. everything else is basically on the table. weapons systems, operations maintenance accounts, protected service member salary, all of those services are part of the great man's budget. host: what about procurement? caller: things that they buy. -- guest: things that they buy. and again, all of those programs, like the...
165
165
Dec 31, 2012
12/12
by
CSPAN
tv
eye 165
favorite 0
quote 0
let me emphasize that i do not view this as the fall of the pentagon, but rather, an indication that the department of defense has insufficient assets to respond to attacks at this time -- of this type. let me comment on the administration's response to the attacks. this was so obviously a terrorist attack that i remain perplexed that the administration's officials gave such conflicting responses to questions from reporters about whether or not it was a terrorist attack. this was clearly not a peaceful protest that somehow got out of hand and evolved into a violent attack. instead, it clearly was a terrorist attack. and this, unfortunately, has been typical of what the committee has found over the last few years in our investigations of radical islamic extremism and the threat of the perversion of a peaceful religion practiced by the vast majority of muslims. the threat of the perversion of that etiology to attack our country remains a great threat. and yet, the administration repeatedly has refused to name the threat that we have faced. it was evident in the department of all land s
let me emphasize that i do not view this as the fall of the pentagon, but rather, an indication that the department of defense has insufficient assets to respond to attacks at this time -- of this type. let me comment on the administration's response to the attacks. this was so obviously a terrorist attack that i remain perplexed that the administration's officials gave such conflicting responses to questions from reporters about whether or not it was a terrorist attack. this was clearly not a...
354
354
Dec 29, 2012
12/12
by
FOXNEWSW
tv
eye 354
favorite 0
quote 0
even the pentagon gets hacked into. businesses are going to need to have a product. we are rolling out a product to surveil web sites. very affordable where you actually can protect the business owner's web site and all their important data. by actually hacking into the site and showing the business what the vulnerabilities are. and doing it on a constant basis. it's an interesting product. cyber security is big. >> dave: you and i were talking in the commercial break about the cloud. think about freezing rain structure. disasters. we saw sandy and the hurricane and getting up in the cloud somewhere. >> it's essential. at the end of the day the days of having all your data stored in a tower under your desk or lawyers or accountants or districts having all their hippa information in a closet on site those days are gone. businesses are going to interest to keep it secure in military style off site and access it from a tablet. >> juliet: quite the world we live in. >> it's changing. >> juliet: are you ready for this? next on the run down a pizza delivery guy fights off
even the pentagon gets hacked into. businesses are going to need to have a product. we are rolling out a product to surveil web sites. very affordable where you actually can protect the business owner's web site and all their important data. by actually hacking into the site and showing the business what the vulnerabilities are. and doing it on a constant basis. it's an interesting product. cyber security is big. >> dave: you and i were talking in the commercial break about the cloud....
655
655
tv
eye 655
favorite 0
quote 0
government, spending cuts that could imperil thousands of pentagon jobs and a possible government shutdown. the only way to prevent all of this is cooperation between republicans in congress and the white house. but john boehner will likely find it even harder to compromise with president obama again. there are only so many times you can defy the majority of your own party. for now, boehner's position as speaker is secure, in part because nobody has stepped forward to challenge him. it may be just at this point that nobody else really wants that job. >> i'll bet. and, jon, you mentioned, this debt limit, getting at the end of february. the speaker under tremendous pressure, as you said. but the president said he's not going to negotiate with the speaker. he simply wants the debt limit extended. this is a huge clash. >> reporter: this is a collision course, george. i've never seen a situation where both sides are adamant that they will not compromise. house republicans say there is no way that they will raise that debt limit without getting cuts in exchange. and as you said, the president s
government, spending cuts that could imperil thousands of pentagon jobs and a possible government shutdown. the only way to prevent all of this is cooperation between republicans in congress and the white house. but john boehner will likely find it even harder to compromise with president obama again. there are only so many times you can defy the majority of your own party. for now, boehner's position as speaker is secure, in part because nobody has stepped forward to challenge him. it may be...
91
91
Dec 27, 2012
12/12
by
CSPAN
tv
eye 91
favorite 0
quote 0
when they go to washington, it is not a philanthropic act on the pentagon's part to instruct boeing to build. it is pragmatic. the united states federal government -- unless europe is dollarized, unless they do not have dollars to spend purchasing the net exports of those who have surpluses, then they will stop having surplus. this is the surplus recycling mechanism. thus, we have the 20 years of the golden age. the 1950's and the 1960's. a period of immense stability very low inflation. universal growth. we had other problems. the lease from the macroeconomic point of view, it was a golden age. why did it end? because the global surplus of recycling mechanism could no longer be sustained. why? because the united states stopped having a surplus by the end of the 1960's. how can you recycle surplus if you cannot have it. enter a young turk in 1971. well, paul volcker -- that name may ring a bell. in 1971, paul volcker was an unknown working for another american. henry kissinger, who you may have heard of. before he became secretary of state. he was still national security advisor. volck
when they go to washington, it is not a philanthropic act on the pentagon's part to instruct boeing to build. it is pragmatic. the united states federal government -- unless europe is dollarized, unless they do not have dollars to spend purchasing the net exports of those who have surpluses, then they will stop having surplus. this is the surplus recycling mechanism. thus, we have the 20 years of the golden age. the 1950's and the 1960's. a period of immense stability very low inflation....
110
110
Dec 27, 2012
12/12
by
CSPAN
tv
eye 110
favorite 0
quote 0
when they go to washington, it is not a philanthropic act on the pentagon's part. the united states federal government -- unless europe is dollar rise, unless they do not have dollars to spend purchasing the net exports of those who have surpluses, then they will stop having surplus. this is the surplus recycling mechanism. thus, we have the 20 years of the golden age. a period of immense stability very low inflation. universal growth. we had other problems. the lease from the macroeconomic point of view, it was a golden age. why is that? because the global surplus of recycling mechanism was sustained. why? because the united states stopped having a surplus by the end of the 1960's. how can you recycle surplus if you cannot have it. well, paul volcker -- been named may ring a bell. in 1971, paul volcker was an unknown working for another american. henry kissinger, who you may have heard of. before he became secretary of state. whener's paper, which are i read a few years ago, i thought it was the most remarkable document ever to emerge from washington in the last f
when they go to washington, it is not a philanthropic act on the pentagon's part. the united states federal government -- unless europe is dollar rise, unless they do not have dollars to spend purchasing the net exports of those who have surpluses, then they will stop having surplus. this is the surplus recycling mechanism. thus, we have the 20 years of the golden age. a period of immense stability very low inflation. universal growth. we had other problems. the lease from the macroeconomic...